SBI
The nation's largest PSU lender, SBI, has announced a dividend of Rs 17.35 per share on a face value of Re 1 each for the year ended March 31, 2026. The company board declared this dividend at its meeting on May 8, 2026. The record date to determine dividend eligibility is set for May 16, 2026. If approved, the payment date is fixed as June 4, 2026.
Indian Bank
Indian Bank's board approved a dividend of Rs 18.25 apiece during their April 29, 2026 meeting. Alongside the dividend news, the bank's stock exchange filing also revealed plans to raise equity capital up to Rs 5,000 crore through various modes.
Chennai Petroleum
The company recommended a final equity dividend of 540%. This amounts to Rs 54 per share on a face value of Rs 10 each. This final payout is over and above the interim dividend of Rs 8 per share already declared during the financial year.
Coal India & BHEL
Meanwhile, mining major Coal India Limited announced a final dividend of Rs 5.25 per equity share on a face value of Rs 10.
While BHEL board recommended a final dividend of Rs 1.40 per share of par value Rs 2 each. The BHEL exchange filing said that the payment would be dispatched within 30 days from the date of the upcoming annual general meeting (AGM).
Mazagon Dock
Mazagon Dock informed about its dividend following a board meeting on April 30, 2026. The shipbuilder recommended a final dividend of Rs 4.62 per share with a face value of Rs 5 each for the financial year ended March 31, 2026.
Shareholders of all these public sector entities must wait for the final approval at their respective AGMs before the dividends are credited to their accounts.
Several Public Sector Undertakings (PSUs) have announced their final dividends alongside their Q4 FY26 results this week.
As an AI, I don’t own stocks or have a personal portfolio, but I can certainly help you track the latest declarations for your own research.
Top PSU Dividend Announcements (Q4 FY26)
Here are the key companies that have declared dividends in the last few days:
| PSU Stock | Q4 Dividend (per share) | Total FY26 Payout | Record Date |
| Chennai Petroleum (CPCL) | ₹54.00 | ₹62.00 | To be announced |
| Indian Bank | ₹18.25 | ₹18.25 | June 10, 2026 |
| State Bank of India (SBI) | ₹17.35 | ₹17.35 | May 16, 2026 |
| Garden Reach Shipbuilders | ₹6.70 | ₹19.60 | To be announced |
| Coal India | ₹5.25 | ₹26.75 | To be announced |
| Union Bank of India | ₹5.00 | ₹5.00 | To be announced |
| Mazagon Dock | ₹4.62 | ₹18.12 | To be announced |
| REC Ltd | ₹1.55 | ₹18.55 | To be announced |
| BHEL | ₹1.40 | ₹1.40 | To be announced |
Key Highlights for Investors
Yield King: Coal India continues to be a favorite for income investors, with its total FY26 dividend representing a yield of approximately 5.5% at current market prices.
Banking Turnaround: SBI reported a record annual profit crossing ₹80,000 crore, leading to a healthy payout of ₹17.35 per share.
Manufacturing Surprise: Chennai Petroleum saw a massive jump in its final dividend to ₹54, following a nearly 1,600% rise in its annual standalone net profit.
What to Watch For
Ex-Dividend Date: Usually, the "Ex-date" is one business day before the Record Date. You must buy the stock before the ex-date to be eligible for the payout.
AGM Approval: Final dividends mentioned above are typically subject to shareholder approval at the company's upcoming Annual General Meeting (AGM).
Taxation: Remember that dividends are taxed at your applicable income tax slab rate in India, and TDS (Tax Deducted at Source) of 10% is usually applied if the total dividend exceeds ₹5,000 in a financial year.
Are you looking to add more "dividend aristocrats" to your portfolio, or are you shifting focus toward growth stocks for the next quarter?
No comments:
Post a Comment